St Barbara Limited advised Mr. Craig Jetson has resigned as Chief Executive Officer. Mr. Dan Lougher has been appointed as Chief Executive Officer effective 28 November 2022. Mr. Lougher is a highly experienced mining executive who was most recently the Managing Director and Chief Executive Officer of successful Australian nickel miner Western Areas.

He has a wealth of underground mining experience, gained in deep level underground mines in both South Africa and in Australia. He is also experienced in constructively managing contract mining relationships to achieve win-win outcomes. Mr. Lougher joined Western Areas in 2006 as General Manager, Operations and Projects, followed by an appointment to the Board as Executive Director ­ Operations.

After which he was promoted to Managing Director and Chief Executive Officer ­ a role he occupied from 2012 until the $1.3 billion takeover of Western Areas by IGO Limited in June 2022. At Western Areas, he managed the construction of the Flying Fox mine and Cosmic Boy concentrator ­ an operation that is still delivering today, 17 years after being commissioned. He also led the feasibility activities for the Spotted Quoll open pit and underground mine, as well as construction of that mine and all associated infrastructure.

In 2015, he initiated another growth phase for Western Areas with the strategic acquisition of the Cosmos Nickel Operations. Mr. Lougher negotiated market-leading off-take sale arrangements for Western Areas including the development of a full logistical chain for the sale of offtake to domestic and international buyers. Mr. Lougher is a Fellow of the Australasian Institute of Mining and Metallurgy.

He holds a B.Sc. (Honours) Mining Geology from the University of Leicester, a Graduate Diploma in Engineering (Mining) from the University of the Witwatersrand and a Master of Science in Engineering from the University of the Witwatersrand. He is currently a Non-Executive Director of Perseus Mining Limited, Blackstone Minerals Limited and American West Metals Limited.

Mr. Jetson will continue as Managing Director and Chief Executive Officer until Mr. Lougher's commencement on 28 November 2022. He has agreed to remain with the Company for a few weeks thereafter, to ensure a comprehensive and orderly hand-over to Mr. Lougher.